No paperwork and no physical contact necessary. Complete the entire loan process through the dili mobile app or website.
Your down payment in any purchase has to be at least 20% of the purchase value (including taxes). You can apply for a loan for the rest to complete your purchase amount.
Loans are available for amounts ranging from ₹15,000 to ₹2,00,000. As a borrower you will need to pay at least 20% of the purchase value directly to the merchant or service provider. The balance amount will be Funded by Funding partner
Loans can be paid back in equal monthly instalments over a period that you can choose. You can select from a repayment period between 3 months and 24 months.
Interest on loan varies between merchants and could also differ for different services purchased from the same merchant. Currently interest can vary between 0% (no interest) to 20%. Check with your merchant for the best deal possible. Regardless, you will be informed of the interest applicable to your loan transparently at the time of availing the loan and this will remain unchanged during the originally contracted repayment period.
Should you wish to lower your monthly instalments, you can choose to pay 1 or more instalments in advance. Loans are available in flexible options to help you optimise your monthly outgo.
There is a processing fee of 3% of the loan value (+ GST) with a minimum of ₹750 and a maximum of ₹3,000. Additionally, other charges could apply from time to time. Please read the terms and conditions document at the time of applying for the loan.
Once approved and subject to acceptance of all terms and conditions, loans will be disbursed directly to the merchant after deducting the processing fees within a few minutes by our NBFC partner. Our endeavour is to make all disbursements within a few minutes but in certain cases it might take longer. Dili will always keep you informed of all timelines when you apply for the loan option and the loan is approved